American Homes 4 Rent (NYSE:AMH) Short Interest Update

American Homes 4 Rent (NYSE:AMH) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 13,920,000 shares, a decline of 7.6% from the March 15th total of 15,070,000 shares. Based on an average daily volume of 3,700,000 shares, the short-interest ratio is currently 3.8 days.

American Homes 4 Rent Stock Down 1.1 %

Shares of NYSE AMH traded down $0.39 during trading hours on Tuesday, hitting $34.68. 1,458,267 shares of the stock were exchanged, compared to its average volume of 3,491,754. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97. The company has a market cap of $12.70 billion, a PE ratio of 34.68, a PEG ratio of 2.73 and a beta of 0.70. The firm has a fifty day moving average price of $35.84 and a 200-day moving average price of $35.37.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.26 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.00%. American Homes 4 Rent’s dividend payout ratio is presently 104.00%.

Insider Activity

In other news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The disclosure for this sale can be found here. Insiders sold 60,263 shares of company stock worth $2,212,078 in the last three months. Corporate insiders own 6.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC purchased a new stake in American Homes 4 Rent during the first quarter worth $236,000. Great West Life Assurance Co. Can boosted its holdings in American Homes 4 Rent by 5.6% during the first quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock worth $10,631,000 after buying an additional 13,647 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in American Homes 4 Rent by 5.1% during the first quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 767 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Homes 4 Rent by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock worth $184,037,000 after buying an additional 134,931 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in American Homes 4 Rent by 16.3% during the first quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock valued at $9,809,000 after purchasing an additional 34,401 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMH shares. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. BNP Paribas started coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.67.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.